COP28 COP28 climate summit ends with deal to transition

New Post Public Reply Private Reply Replies (0) Message Board
dw
81
COP28
COP28 climate summit ends with deal to transition away from fossil fuels
PUBLISHED WED, DEC 13 20232:32 AM ESTUPDATED 2 HOURS AGO

Government ministers representing nearly 200 countries on Wednesday agreed to a deal that calls for a transition away from fossil fuels, after a previous proposal was met with heated and widespread backlash.
“With an unprecedented reference to transitioning away from all fossil fuels, The UAE Consensus is delivering a paradigm shift that has the potential to redefine our economies,” the summit’s UAE presidency said on social media.
The latest proposal published by the UAE earlier on Wednesday called for “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science.”

Government ministers representing nearly 200 countries on Wednesday agreed to a deal that calls for a transition away from fossil fuels, after a previous proposal was met with heated and widespread backlash.

“With an unprecedented reference to transitioning away from all fossil fuels, The UAE Consensus is delivering a paradigm shift that has the potential to redefine our economies,” the summit’s UAE presidency said on social media. Dubai has been hosting the conference for the past two weeks against a backdrop of controversy, geopolitical conflicts and increasing extreme weather events.

“We delivered world first after world first,” the UAE summit presidency said in a further social media update.

“A global goal to triple renewables and double energy efficiency. Declarations on agriculture, food and health. More oil and gas companies stepping up for the first time on methane and emissions. And we have language on fossil fuels in our final agreement.”

An updated proposal published by the UAE earlier on Wednesday, which was agreed on after all-night discussions, called for a “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science.”

The draft deal text also urged for “accelerating efforts towards the phase-down of unabated coal power” and for “tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030.”

Critically, the proposal did not mandate an absolute phase-out of hydrocarbons.

COP28 summit ends with deal to transition away from fossil fuelsWATCH NOW
VIDEO04:30
COP28 summit ends with deal to transition away from fossil fuels
A “phase-out” commitment would likely have required a shift away from fossil fuels until their use is eliminated, while a “phase down” agreement would have indicated a reduction in their use — but not an absolute end.

Many believed the COP28 summit could only be considered a success if it resulted in a deal to “phase out” all fossil fuels. On Monday, one young climate activist burst onto the stage to call for action on this issue. Licypriya Kangujam, 12, interrupted a presidency event while holding a sign that read: “End fossil fuel. Save our planet and our future.”

The burning of coal, oil and gas is the largest contributor to climate change, accounting for more than three quarters of global greenhouse gas emissions.

Indian environmental activist Licypriya Kangujam holds up a sign that reads: “End Fossil Fuel. Save Our Planet And Our Future” after running onto the stage during a High-Level Event on day eleven of the UNFCCC COP28 Climate Conference as negotiations go into their final phase on December 11, 2023 in Dubai, United Arab Emirates.
Sean Gallup | Getty Images News | Getty Images
The Wednesday announcement comes after a previous draft text published in the final throes of the talks triggered widespread criticism for failing to include language on ending the use of fossil fuels, as negotiations laid bare deep divisions among policymakers over the future of hydrocarbons.

The draft proposal of Monday suggested a range of options for countries to accelerate climate action but, crucially, it omitted language regarding a “phase-out” or “phase down” of fossil fuels.

Arduous talks ensued, with Wopke Hoekstra, EU commissioner for climate action, describing “various phases of hope, sometimes also of despair” throughout the talks.

“One of the things that truly made a difference, I feel, is the tremendous amount of diplomacy we have deployed and the bridge building we did with our friends in the Pacific and the Caribbean, Latin America, Africa, and Asia and, of course, also North America to make sure that that supermajority … would show what it needs in terms of mitigation of human products,” he added.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Overpricing in Atlanta Luxury Real Estate: Risks & Rewards

Updated Category News Views 0

When Pricing Sends the Wrong Message Jump into the high stakes poker game of Atlanta's luxury real estate, and you'll find that pricing strategy is your make-or-break move. Jud Whitlock, a seasoned veteran over at Atlanta Fine Homes/Sotheby's International Realty, lays it all down: in this digital age, pricing too high is akin to waving a red flag at savvy buyers armed...

Continue Reading
AI and Workforce Transformation: Zellis Connect 2026

Updated Category News Views 2

AI Transformation: Hard Reality or Strategic Opportunity? The future of work. That’s what everyone’s buzzing about lately, isn’t it? AI poised to shake every nook and cranny. You're either riding the wave or getting crushed by it. It’s no longer some distant prospect—the challenge is right here, now. Come September 23, Zellis Connect 2026 is plunging headfirst...

Continue Reading
EyePoint Stumbles: Legal Eagles Circle Post-Trial Flop

Updated Category News Views 2

EyePoint Slips on Clinical Banana Peel Well, if EyePoint was aiming for a splash, they sure got it—just not the kind they were hoping for. News dropped like a lead balloon when EyePoint announced their Phase 3 DURAVYU trial results for wet age-related macular degeneration, revealing they missed their primary endpoint. And what did that mean for their stock? A death...

Continue Reading
Nutromics Welcomes Plaxco: Strategic Tech Leap Forward

Updated Category News Views 3

Professor Plaxco’s Dynamic Role at Nutromics Some folks start their day with breakfast and coffee, but Nutromics is grabbing headlines by introducing Professor Kevin Plaxco as the new Chief Scientific Officer. This strategic shift, made public on September 7, 2026, signals Nutromics’ ambition to amplify its DNA-based sensing footprint. As they gear up to launch their...

Continue Reading
Fosun Reaches New Heights in Hang Seng Sustainability

Updated Category News Views 2

Fosun International's Sustainability Milestone Now, you don't often see a company's sustainability rating climbing the ladder like a homesick angel, but Fosun International just nailed it. On September 7, 2026, their Hang Seng Sustainability Rating bumped up a notch from AA- to AA+, now at an all-time high. It's the sort of financial footnote that grabs the attention....

Continue Reading
Sungrow's MGTL Series: A Game-Changer in Solar Tech

Updated Category News Views 1

Smarter Energy Systems Are Here Gone are the days when solar inverters were just clunky bits of tech you threw on a roof. Sungrow's latest MGTL Series, revealed in Da Nang, marks a revolutionary step for Southeast Asia, Africa, Latin America, and beyond. They're not just talking the talk—they're bringing real innovation to the table. Why the MGTL Series Stands Out Look,...

Continue Reading
CelluPro Earns Global Recognition with EXCiPACT Certification

Updated Category News Views 1

Breaking New Ground with EXCiPACT Certification Here's a tale unfolding in the high-stakes world of biotechnology—CelluPro, a standout in cell culture media, just snagged the EXCiPACT™ certification. This isn't just some fancy plaque for the wall. It's a stamp of approval that screams reliability in the global biomanufacturing supply scene. Why This Certification...

Continue Reading
Coastal Property Realities: A Deep Dive into Ownership

Updated Category News Views 0

Buying Coastal Property: A Balancing Act Ah, the dream of owning a piece of the beach in sunny South Florida. It sounds glamorous—something to brag about at the next family gathering. But let me tell you, diving into coastal property ownership isn't just about sipping cocktails by the ocean. It's about handling a fair share of headaches most folks don't anticipate....

Continue Reading
Navimow Powers TOP 14 with Tech: A Winning Play

Updated Category News Views 2

A Technological Leap for French Rugby Innovation and precision in partnerships—those words don't usually pop up together when chatting about a rugby league. But here we are, discussing the TOP 14, the elite French rugby championship, pairing up with Segway Navimow. This brand, under the umbrella of Ninebot Limited (689009.SH), is stepping into the world of sports for...

Continue Reading
Aroa Biosurgery Reports Low Infection Rates: A Milestone

Updated Category News Views 2

Peer-Reviewed Study: Aroa's Myriad Shows Low Infection Rates Seems like the folks at Aroa Biosurgery have got something solid to brag about in the world of complex soft tissue reconstruction. The company just released interim results from their massive MASTRR Registry study, and the numbers are looking pretty darn promising. We're talking about a 411-patient analysis...

Continue Reading

Top 5 Most Recently Viewed Articles

Tiryaki Agro's Innovative Partnership to Boost Agricultural Security

Updated Category News Views 205

Tiryaki Agro's Strategic Partnership with IFC for Food Security A Strong Step for Food and Feed Security Tiryaki Agro Holding, a major player in the agricultural supply chain, has entered a crucial collaboration with the International Finance Corporation (IFC). This agreement highlights Tiryaki Agro's commitment to enhancing food security and agricultural development in...

Continue Reading
Moroccan Stock Market Shines with New Highs Across Sectors

Updated Category News Views 576

Moroccan Stock Market Performance Update The stock market in Morocco has recently seen positive movement, with overall gains marking a notable performance. The momentum was particularly driven by impressive results from the Banking, Beverage, and Transport sectors. Moroccan All Shares Reach New Heights As trading concluded in Casablanca, the Moroccan All Shares index...

Continue Reading
Innovative Public Offering by Arbe Robotics Expands Horizons

Updated Category News Views 83

Exciting Developments in Arbe Robotics' Public Offering Arbe Robotics Ltd. (NASDAQ: ARBE), a prominent player in the Perception Radar Solutions industry, recently set the stage for its public offering of up to $49 million in a bid to accelerate technology advancements and bolster capital for future initiatives. The company aims to unlock $15 million immediately, with...

Continue Reading
Empowering Youth Through Innovative Financial Education

Updated Category News Views 62

Introducing Learn Wall Street's Financial Education Program Learn Wall Street has rolled out a new online financial education program featuring 16 engaging lessons designed to boost financial literacy for everyone. Their mission is clear: to make financial education accessible to all, ensuring that anyone can grasp the complexities of business and investing. A Mission...

Continue Reading
AGS Celebrates Recognition as Top Workplace in 2025 Awards

Updated Category News Views 187

AGS Triumphs at the 2025 USA TODAY Top Workplaces Awards AGS (NYSE: AGS), an acclaimed provider of premier gaming products and services, has received a significant accolade by being honored as a recipient of the 2025 USA TODAY Top Workplaces USA Award. This recognition showcases AGS's dedication to building a people-centered workplace culture, where employees are valued...

Continue Reading